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Investor’s Update: XL Group plc (NYSE:XL)

November 11
10:39 2014

[PR Newswire] (TREND ANALYSIS) To make sure contractors have the right process in place to select subcontractors wisely, XL Group’s North America Construction team has added a new prequalification benchmarking service for Subcontractor Default Insurance (SDI) clients.

According to Jason LaMonica, leader of XL’s Subcontractor Default Insurance profit center, “Prequalification of subcontractors is an important risk management strategy for any contractor. Since we see a market-wide view of how so many contractors conduct a prequalification process, we’re able to offer our clients insight on where they stand in subcontractor prequalification processes against their competitors and of course, offer guidance on how they can do better. It’s a service to help our clients operate as wisely and effectively as they can.”

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Taking a look at the company’s recent performance, XL Group plc (XL) reported Third quarter earnings for fiscal 2014 on October 27th. The company reported actual earnings per share of $0.70 against the consensus Street estimate of $0.63. This represents year over year growth of 24.29%. XL Group plc (XL) posted revenue of $1.23 billion against estimates of $1.43 billion.

XL Group plc (XL) is currently valued at $16.99 billion and closed the last trading session at $33.05. The stock has a 50-day moving average of $31.94 and a 200-day moving average of $31.40.

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There are currently nine analysts that we track that cover the stock. Of those nine, three have a Buy rating, five have a Hold rating and one has a sell rating. On a consensus basis this yields a score of 2.22 and a Hold. The combined price objective of these covering analysts is $36.00, which represents a 6.26% upside difference to the last closing price.

The most recent analyst activity consisted of Citigroup Inc.Reiterating their Sell stance on the company. Citigroup Inc. has a price target from $32.00 to $31.00 which represents a downside of 9.73% from the last closing price. On the date of the report, the stock closed at $33.44.

Another research firm weighing in recently was Keefe, Bruyette & Woods who also Reiterated their rating on the stock. On October 28th Keefe, Bruyette & Woods upgraded their price target on the stock from $38.00 to $40.00, or an 16.48% upside to the current price. On the day of the report, XLshares closed at $33.44.

Company Profile

XL Group plc (NYSE:XL) an insurance and reinsurance company, through its subsidiaries, provides property, casualty, and specialty products to industrial, commercial, and professional firms; and insurance companies and other enterprises worldwide. The company operates in three segments: Insurance, Reinsurance, and Life Operations. The Insurance segment offers property, primary and excess casualty, environmental liability, excess and surplus lines, construction, and surety insurance products, as well as property and casualty coverage’s.

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Paul Cole

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